Chapter

What is wrong with it?

Peter King

in Housing policy transformed

Published by Policy Press

Published in print January 2010 | ISBN: 9781847422132
Published online March 2012 | e-ISBN: 9781447302513 | DOI: http://dx.doi.org/10.1332/policypress/9781847422132.003.0005
What is wrong with it?

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This chapter deals with a variety of criticisms of the RTB and tries to answer them. It looks at what might be called the old criticisms of the RTB, even those that date back to the 1980s. This is followed by a section on the notions of property ownership as a false consciousness. The financial issues surrounding the RTB are also examined, along with the concept of ‘friendly fire’. This is criticism that views the RTB as a form of social engineering, or any form of subsidy to owner occupation as a skewing of market mechanisms. The chapter ends with a section on the new criticisms of the RTB that were brought about by the collapse of the housing market in 2008.

Keywords: criticisms of RTB; property ownership; false consciousness; financial issues; friendly fire; social engineering; market mechanisms; owner occupation; housing market

Chapter.  9057 words. 

Subjects: Urban and Rural Studies

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